Question 1
Aggregate behavior is
◦ the behavior of each household and firm.
◦ the behavior of each individual.
◦ the behavior of all households and firms together.
◦ None of these.
Question 2
Inflation is a(n)
◦ decrease in the overall price level.
◦ decrease in the overall level of economic activity.
◦ increase in the overall price level.
◦ increase in the overall level of economic activity.